{"id":437571,"date":"2026-09-07T06:00:18","date_gmt":"2026-09-06T23:00:18","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/icymi-feds-hammack-says-its-time-to-act-to-cool-inflation-437571\/"},"modified":"2026-09-07T06:00:18","modified_gmt":"2026-09-06T23:00:18","slug":"icymi-feds-hammack-says-its-time-to-act-to-cool-inflation","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/icymi-feds-hammack-says-its-time-to-act-to-cool-inflation-437571\/","title":{"rendered":"ICYMI: Fed&#8217;s Hammack says &#8220;its time to act&#8221; to cool inflation"},"content":{"rendered":"<div>\n<p dir=\"ltr\">Hammack&#8217;s comments add another hawkish voice to a Fed that already looks more split than usual heading into the 15 to 16 September meeting, reinforcing a market that has moved to price slightly above 60 percent odds of a rate increase following Friday&#8217;s strong jobs report. Her framing, that policy is not sufficiently restrictive rather than merely on hold, keeps upside risk in play for short-term rates and the dollar into the blackout period. With Hammack among three dissenters from July&#8217;s hold decision, her remarks read less as new information and more as a data point confirming how quickly sentiment has shifted since the jobs report landed.<\/p>\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\">Greg had this Friday:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/cleveland-fed-president-beth-hammack-is-sounding-decidedly-hawkish-on-monetary-policy\" target=\"_blank\" rel=\"follow\">Cleveland Fed President Beth Hammack is sounding decidedly hawkish on monetary policy<\/a><\/li>\n<\/ul>\n<p dir=\"ltr\">\n<p dir=\"ltr\">\n<p dir=\"ltr\">\n<p dir=\"ltr\">&#8212;-<\/p>\n<p dir=\"ltr\">\n<p dir=\"ltr\">\nIn case you missed it from Friday, Cleveland Fed president Beth Hammack said the time has come to act on inflation, just as a <a href=\"https:\/\/investinglive.com\/news\/investinglive-americas-market-news-wrap-big-beat-for-non-farm-payrolls\/\" rel=\"follow\">strong jobs report<\/a> pushed rate hike odds above 60 percent.<\/p>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>Cleveland Fed president Beth Hammack said in a Friday LinkedIn post that it is time for the central bank to act to cool inflation<\/li>\n<li>Hammack said both data and anecdotes from her district suggest monetary policy is not sufficiently weighing on the economy<\/li>\n<li>She described a conversation with a Northeast Ohio manufacturer who told her the Fed should raise rates given double-digit inflation in many input prices<\/li>\n<li>Hammack was one of three policymakers who dissented from the Fed&#8217;s decision to hold rates steady in July<\/li>\n<li>The FOMC meets 15 to 16 September to vote on interest rates, entering a communications blackout at midnight<\/li>\n<li>Investors now price slightly above 60 percent odds of a rate increase this month, following a surprisingly strong jobs report released Friday<\/li>\n<\/ul>\n<p dir=\"ltr\">\nICYMI from Friday: Cleveland Fed president Beth Hammack said it is time for the central bank to act to bring down inflation, according to Bloomberg and Reuters reporting on a Friday LinkedIn post. Hammack said the data and anecdotes she is hearing from her district indicate monetary policy is not sufficiently weighing on the economy right now.<\/p>\n<p dir=\"ltr\">In her post, Hammack described a conversation with a manufacturer in Northeast Ohio who told her the Fed should raise interest rates, pointing to double-digit inflation in many of his input prices. Hammack was one of three Fed policymakers who dissented from the central bank&#8217;s decision to hold interest rates steady in July, a position that puts her among the more hawkish voices on the committee heading into this month&#8217;s meeting.<\/p>\n<p dir=\"ltr\">The Federal Open Market Committee is due to meet 15 to 16 September to vote on interest rates, with officials entering a communications blackout period at midnight before the meeting. That blackout limits how much further public signalling policymakers can offer before the decision itself.<\/p>\n<p dir=\"ltr\">The timing of Hammack&#8217;s comments matters as much as their content. They landed the same day as a surprisingly strong jobs report, which shifted market pricing toward a more hawkish outcome. Investors now put the odds of a rate increase at this month&#8217;s meeting at slightly above 60 percent, a marked change from where expectations had sat prior to Friday&#8217;s data.<\/p>\n<p dir=\"ltr\">Taken together, Hammack&#8217;s remarks reflect her own stated preference for tighter policy rather than a Fed decision or a shift in official guidance, but they arrive at a moment when the broader data flow is already pushing market expectations in the same direction she is arguing for.<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hammack&#8217;s comments add another hawkish voice to a Fed that already looks more split than usual heading into the 15 to 16 September meeting, reinforcing a market that has moved to price&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437571","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437571"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}